407ETR flush, pays off C$400m 6.5% bonds with 4.65%/5.1% debt

407International holding company for 407ETR tollroad in Toronto has paid off C$400m in 6.05% bonds with proceeds of recently floated 3 year notes paying 4.65% and 5 year notes paying 5.1%, reducing their interest costs. C$=82cUS

TOLLROADSnews 2009-03-19